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Near Price Analysis: Coin is Gonna Take Off Morning Star Pattern Suggests

  • The Near coin price is positive, around 7.6% during intraday.
  • The 24-hour trading volume is at $146 million.
  • NEAR/BTC pair is trading positive by 3.1% at 0.00013150 BTC.
Source: NEAR/USDT on TradingView

Near coin daily technical chart and price trend show an uptrend. Based on the pivot point, the support zone is 3.90 USDT. Another way to look at it is that if you rush, the resistance level to watch is 10.70 USDT. Therefore, the chart created a Morning star candlestick pattern during the day, and the cost is confident that it will remain upside with unwavering medium strength over a short period of time.

The Exponential Moving Average (EMA) band, consisting of several EMAs, strongly supports currency price fluctuations. Investors may find that cost struggles around the green band. This guarantees a rise in NEAR until it is above the ribbon.

Trading volume (1.384 M) is close the 20-day moving average (2.24 M). The volume is moderate, so the cost is around the pivot point. Investors may also notice that the volume bar on the chart becomes low. This indicates that unusual volatility is common on the following trading days.

The Stochastic RSI (Oversold) with a value of K-17 D-20 provides a buy signal in currency. Investors can observe steep index slopes and positive crossover soon going to happen on the index, which can stay in the positive realm for future trading sessions.

Long-Term Perspective of Near Coin Price Trend

The weekly technical chart and price trend of NEAR coin show a bullish trend. Based on the pivot levels, the support zone is 6.30 USDT. On the upside, if it breaks, the level of resistance to search is $20. In addition, the chart shows the Heikin Ashi candles, which have tremendous upside potential in asset price movements.

Today’s NEAR price is $7.58 and 24-hour trading volume is $146,390,539. NEAR prices have risen 7.6% in the last 24 hours. There are 520 million coins nearby, with a total of 1 billion coins issued.. The RSI points to a neutral signal, and the traders have prompted low volume. In fact, the cost moves around the pivot levels. Likewise, the general market outlook is that this pattern will continue to rise over the next few trading days.

Resistance Level: $10.70 & $20

Support Level: $3.90 & $6.30

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Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.